Keurig Dr Pepper vs Coca-Cola
Coca-Cola reported revenue of $47.9 billion in fiscal 2025, 2.9 times Keurig Dr Pepper's $16.6 billion in fiscal 2025. Keurig Dr Pepper's revenue grew 8.2% in its latest year, and Coca-Cola's grew 1.9%. Keurig Dr Pepper had an operating margin of 21.5%, against 28.7% at Coca-Cola. Free cash flow was $1.5 billion at Keurig Dr Pepper and $5.3 billion at Coca-Cola.
Side by side
| Keurig Dr Pepper | Coca-Cola | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2025, Dec 31, 2025 |
| Revenue | $16.6B | $47.9B |
| Revenue growth | 8.2% | 1.9% |
| Revenue growth a year, last 5 years | 7.4% | 7.7% |
| Gross margin | 54.2% | 61.6% |
| Operating margin | 21.5% | 28.7% |
| Net margin | 12.5% | 27.3% |
| Free cash flow | $1.5B | $5.3B |
| Free cash flow margin | 9.1% | 11.1% |
| Return on capital | 6.8% | 18.3% |
| Net debt to EBITDA | 3.9x | 2.1x |
| Dividends and buybacks | $1.3B | $9.5B |
| Change in diluted share count | −0.4% | −0.2% |
| Last close | $34.99 | $92.70 |
| P/E at the last close | 35.3× | 29.2× |
| Insider trades, last 12 months | bought $250,247, sold $1.4 million | sold $254.8 million |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Keurig Dr PepperCoca-Cola
Operating margin
Percent of revenue
Keurig Dr PepperCoca-Cola
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Keurig Dr PepperCoca-Cola
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Keurig Dr Pepper and Coca-Cola pages.